Boston Technologies publishes volumes infographic

We already mentioned here how popular these infographics are becoming. It's quite an easily designed but visually attractive presentation of a certain topic and many brokers use them when trying to explain what Forex Forex Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Read this Term market is all about to their clients.

Boston Technologies recently reviewed the data passing through it's system. While we never release customer or proprietary data, we have collected some interesting bits of information that we thought our customers and the FX industry in general would find valuable. All of this information is based solely on what flows through Boston Technologies' platforms so it is not a snapshot of the industry in general, just of what Boston Technologies customers are doing.

The first interesting piece of data is the Top 10 FX pairs:

1. EURUSD
2. GBPUSD
3. EURCAD
4. GBPCAD
5. AUDUSD
6. USDCHF
7. EURGBP
8. EURCHF
9. USDCAD
10. AUDNZD

EURUSD is such a popular pair that all of the other pairs in the TOP 10 combined only make up 86.97% of the volume seen with EURUSD. We saw a great deal of action among the Top 10 FX pairs and you can see that dynamic in the infographic below. Month over month there were peaks and valleys, sometimes matching, sometimes not, but despite the valleys, the peaks were great enough to see the total volume of trades grow by 11.22 times! We have included a list of notable global events that may have impacted FX trading as well as the Volitility Index.